Taiwan’s Young Liu, the chairman of Taiwanese multinational electronics contract manufacturer Foxconn, has been conferred with Padma Bhushan, India’s third highest civilian honour.
Young Liu was among the 132 awardees of the Padma wards approved by President Droupadi Murmu on the eve of the 75th Republic Day.
With more than 40,000 employees across India, Foxconn operates 30 factories with an annual revenue of $10 billion. This figure represents 4.6 per cent of the company’s total $216bn revenue.
India Padma Awards 2024: Who is Young Liu?
Young Liu has been leading Foxconn as chairperson and president since 2019. With a rich entrepreneurial background, he has founded three companies: A motherboard company Young Micro Systems in 1988, a Northbridge and southbridge Integrated Circuit design company in 1995 with a focus on the PC chipset and an ITE Tech, and an ADSL IC design company, ITeX in 1997.
He holds an MS degree in Computer Engineering from the University of Southern California (1986) and a BS degree in Electrophysics from Taiwan’s National Chiao Tung University (1978).
Narendra Modi, Young Liu meeting in July 2023
Foxconn chief Young Liu met Prime Minister Narendra Modi in Gujarat’s Gandhinagar in July 2023 during the Semicon India 2023 conference.
The meeting occurred shortly after the Taiwanese company withdrew from a $20 billion joint venture, Vedanta Foxconn Semiconductors Limited, intending to establish the first chip manufacturing plant in India.
Foxconn, however, has expressed plans to apply separately to build a semiconductor manufacturing plant in the country.
(With inputs from agencies)
